The cryptocurrency Tron (TRX) has demonstrated impressive growth, participating in the altcoin season and attracting both long-term and short-term investors. This article examines TRX's achievements and the factors contributing to its success.
Current Achievements of TRX in the Market
The TRX coin has secured a spot among the top cryptocurrencies in the past six months, showing steady growth. Long-term holders who acquired TRX a year ago have already seen a return of 150%. In recent weeks, TRX has been showcasing bullish momentum, strengthening its market position.
Deflationary Model and Its Impact on TRX Price
One of the reasons for TRX's popularity among long-term investors is its deflationary model. Currently, the circulating supply of TRX is around 94.68 billion tokens, with almost half already burned. These deflationary characteristics lead to a reduction in supply, increasing scarcity, which positively affects its price.
Growth of Total Value Locked in Tron Network
In recent months, the total value locked (TVL) in the Tron network has increased from $4.36 billion on June 24 to $6.67 billion at present. This indicates that users are holding long-term investments in Tron, despite relatively low activity in decentralized exchange volumes.
The cryptocurrency Tron (TRX) continues to show steady growth amidst high demand and a well-established deflationary model, providing confidence for both long-term and short-term investors. With the ongoing altcoin season, TRX may maintain its positive trends moving forward.
